[grey-area]

Great idea, congrats on the approval. I have a few questions after reading the article.

Broadly, what did you have to change to get SEC approval?

Have you considered supporting some sort of crowdfunding private model as well - like angel investing for the masses, before a company goes public?

Will you be available in all the big trading brokers for retail investors? I use freetrade (uk broker) and would love to see your stocks there.

Have you considered listings being asked to reward investors with long term dividends or bonds? I know this is usually up to the company, but the exchange could perhaps encourage it. Tech stocks often focus on growth but it’d be nice if there were more emphasis on sustainable long term growth. For most investors voting rights are pretty academic and a very blunt instrument.

[eries]

Our application was just the first step. This is the base layer of rules and standards, very much akin to NASDAQ or NYSE. That’s not a change per se, it’s just where you have to start. We will make additional filings soon.

Crowdfunding and private markets. We have some ideas on how this could be done in an ethical and transparent way, but we would proceed cautiously if we go that way. Too much activity these days is quite dubious and we don’t want to profit from that.

Yes, all of our listing stocks will reads as part of the National Market System, which means you’ll be able to access them everywhere including at retail. It’s very important to use that everyday people are able to access the same features and benefits as larger holders.

On rewards for long-term holders, yes we have considered that and I think you’ll be pleased by what we eventually roll out.

[grey-area]

Sounds great, thank you for the informative responses in this thread. Re changes/revisions before acceptance by the SEC, I was referring to this part of the article:

Friday’s decision followed an uncertain fate for LTSE, which had faced SEC opposition before revising parts of its proposal.

[eries]

Yeah, I understand why they wrote that - this process is confusing. This is an entirely new proposal because we are applying under a different regulatory pathway (a “form one filing” instead of a “rules change” on a legacy exchange).